Summary

• It hasn't been all good news on the earnings front. Whirlpool warned of a "recession-level industry decline" for big-ticket consumer purchases like household appliances.
• The company lost 56 cents per share in Q1, missing the average forecast for 38 cents in earnings by a country mile. Plus, it cut its full-year profit forecast range in half - and suspended its dividend.
• But this is more of a “some winners, some losers” situation. Not a reason to run for the hills.

By Mike Larson

Not to be a Debbie Downer. But it hasn’t been all good news on the earnings front. Exhibit A is Whirlpool Corp. (WHR). So, how much should you worry?

Let’s start with